Tax Law Assignment According to the Act Gross Income is defined as ‚ in relation to any year or period of assessment‚ means‚ in the case of any person‚ the total amount‚ in cash or otherwise‚ received by or accrued to or in favour of such person during such year or period of assessment from a source within or deemed to be within Namibia‚ excluding receipts or accruals of a capital nature‚ but including‚ without in any way limiting the scope of this definition‚ such amounts (whether of a capital
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sparked debate about the merit of an explicit ‘fat tax’‚ aimed at either taxing foods according to their fat content or‚ more practically‚ taxing certain foods with a high fat content. Discuss the implications and effectiveness of a fat tax for reducing the consumption of high-fat foods? There are many implications and effectiveness of a fat tax an example of this is the ‘fat tax’ has now been enforced by some airlines (such as Samoa Air). ‘Fat tax’ is a dynamic efficiency as it is a new innovation
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overdrawn [you have taken more out of your account than you had in it] you are%in the red (as opposed to in the black or in credit). Sometimes the bank may lend you money - this is called a bank loan. If the bank [or building society] lends you money to buy a house‚ that money is called a mortgage /’mo:gid3/. When you buy [or purchase more formally] something in a shop‚ you usually pay for it outright but sometimes you buy on credit. Sometimes you may be
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Disagreement on Tax for Fatty Foods There is an important question that has been brought out to many people’s attention. The question is should the government imply a tax for fatty foods? In the article titled‚ "why a fat tax will have no effect on obesity levels” Lefever state‚ “Taxes on smoking and drinking do not change the behavior of nicotine addicts or alcoholics.” (Why a fat tax). Lefever is trying to say with this is no matter what is done to prevent something as long as a person wants
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The failure of the Philippine economy to achieve a full industrialized state is a confluence and a result of political and economic policies that can be traced back to as far as the post war period. The Philippine post war economic policy is said to have taken the trajectory of Import Substitution Industrialization (ISI) —which puts premium in strengthening the locally owned industries catering to a huge domestic market to contain dollar outflow and encourage domestic entrepreneurship (Kuruvilla
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LED-backlit LCD TV: Sony KDL-55XBR8 Hoeun sousdey Part time Group II Level 11 A few weeks ago Senior Editor David Katzmaier reviewed Samsung’s LN46A950 LED-backlit LCD TV and declared it‚ "The most advanced television money can buy." He also said it "represents the peak of flat-panel LCD performance and picture quality." But then the Sony KDL-55XBR8 arrived and stole the crown from the Samsung. In the world of LCD TVs‚ the hot feature is LED-backlighting--and it doesn’t come cheap. The
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Economic effect of Solar Panel Technology on our Society. Solar energy and its use isn’t new to the world. It has been used by various societies beginning from 7thCentury B.C‚ when the sun’s heat was concentrated by glass and mirrors to light fires. Today‚ we have everything from solar-powered buildings to solar-powered vehicles. By and large solar technology has some environmental‚ economic‚ psychological and ethical implications for our society. Actions
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With respect to the prepaid income from services which of the following is true? The treatment of prepaid income is the same for tax and financial accounting. An accrual basis taxpayer can spread the income over the period services are to be provided if all of the servidcdes will be completed by the end of the tax year ^^^answer The effects of a below-market loan for 450‚000 made by a a corporation to its chief The corporation has imputed interest income and compensation expense. As a
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CHAPTER 3 – INTERDEPENDENCE BETWEEN MAJOR SECTORS‚ MARKETS AND FLOWS IN THE MIXED ECONOMY STUDY UNIT 1 Production‚ Income and Spending *Identify the three major flows in the economy Production – occurs and generates income Income - earned Spending – Buy available goods and services *Distinguish between a flow and a stock (Box 3-1 Stocks and Flows) STOCKS FLOWS Measured at a particular point in time NO time dimension Has a Time dimension – only measured over a period Water level
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Gratuitous transfer or donation may take effect at the time of death of the donor or during the lifetime of both the donor and the donee. The former is known as “donation mortis causa” subject to estate tax while the latter is known as “donation inter vivos” subject to donor’s tax. Consequently‚ transfer taxes‚ which are typically assessed on the net value of the taxable assets transferred‚ fall into two basic categories‚ namely; estate tax and donor’s tax. Business taxes are Succession is a
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